Good News for Flood Zones on Outer Banks

The preliminary data shows an 82% drop in VE zone structures and a 65% drop in AE zone structures! Only structures within those zones are required to have flood insurance when they are covered by a mortgage. If not within the VE or AE zone, property owners can buy flood insurance at greatly reduced, preferred risk rates.

OBAR/OBHBA Government Affairs Liaison Willo Kelly participated in the CRC meeting. She shared the above information as well as an update on homeowners and flood insurance at a meeting last night sponsored by the Dare County League of Women Voters. The Outer Banks Voice will be providing video highlights of that meeting soon at www.outerbanksvoice.